Professional Documents
Culture Documents
Winston Churchill
The motto:
United in diversity The European anthem
Population
Country
(millions) in 2018
Montenegro 0.6
Albania 2.9
Serbia 7.0
Turkey 79.8
The treaties – basis for democratic cooperation built on law
Population in millions
1433
1366
513
329
127 146
France
United Kingdom
Italy
Spain
Poland
Romania
Netherlands
Belgium
Greece
Czechia
Portugal
Sweden
Hungary
Austria
Bulgaria
Denmark
Finland
Slovakia
Ireland
Croatia
Lithuania
Slovenia
Latvia
Estonia
Cyprus
Luxembourg
Malta
The European economy: stronger together
• European Fund for Strategic Investments launched mid-2015, with €21 billion
from the EU and the European Investment Bank, which attracts funding from
other sources, in particular private funding.
• The Fund invests in viable business projects, for example in digital and energy
infrastructure, transport, small businesses, green projects and innovation.
• European Fund for Strategic Investments 2.0: the Fund was improved and
extended to the end of 2020, and investment target increased to at least €500
billion.
• By end 2018, the Fund had supported 750,000 jobs and increased the EU’s GDP
(Gross Domestic Product), up 0.6%.
• Forecasts indicate 1.4 million new jobs created and 1.3% additional GDP by 2020.
Banking union: safe and reliable banks
• Rulebook:
New laws to ensure that banks have adequate capital and
better risk control
• Supervision:
The European Central Bank supervises the +/- 130 of the
most important banks
National bank supervisors work closely together
• Resolution:
A Europe-wide Single Resolution Board can decide to wind
down a failing bank
This is backed by a fund that banks themselves pay into,
thus ensuring that taxpayers do not have to pick up the
bill.
How does the EU spend its money?
The annual EU budget in 2018 was around €160 billion – a large sum in
absolute terms, but only about 1% of the wealth generated by the
economies of the Member States every year.
How does the EU spend its money?
Climate change – a global challenge
• Regional fund
• Social fund
• Cohesion fund
• goods
• services
• people
• capital
Since May 2015, the European Commission has delivered most of the proposals
announced in its Digital Single Market strategy. These include:
• Roaming charges ended in June 2017, so people can use their mobile
device when travelling in the EU, paying the same prices as at home.
• The WiFi4EU initiative supports installing free public Wi-Fi hotspots in local
communities across the EU.
• From 2018, new rules let people use their online subscriptions to films and
TV, e-books, video games and music services when travelling within the
EU.
Europe has the best levels of social protection in the world and
ranks highly in terms of quality of life and wellbeing.
• The European Social Charter guarantees fundamental social and economic rights. It
guarantees a broad range of everyday human rights related to employment, housing, health,
education, social protection and welfare
• The European Social Fund is Europe’s main instrument for supporting jobs, helping people get
better jobs and ensuring fairer job opportunities for all EU citizens. Investment of €10 billion a
year improves job prospects for millions of Europeans, in particular those who find it difficult to
get work
• The European Employment Strategy's main aim is the creation of more and better jobs
throughout the EU
• The Youth Guarantee is a commitment by all Member States to ensure that all young people
under the age of 25 years receive a good quality offer of:
• employment
• continued education
• apprenticeship
• traineeship
within a period of four months of becoming unemployed or leaving formal education.
Free to move
Schengen
Erasmus+
•Canada (2017)
•Japan (2018)
Internationally, the EU uses its diplomatic, political, economic, security and humanitarian tools for
peaceful solutions to conflicts, in particular in Libya, Syria and Ukraine.
In December 2017, 25 Member States agreed to establish a Permanent Structured Cooperation, a
legally binding framework to work together more closely on security and defence.
In 2017, a European Defence Fund was launched for cooperation in research and development for
joint industrial defence products and technologies. The Fund will invest €90 million in research and
€500 million in development by 2020.
In April 2019, the European Parliament endorsed plans for the Fund to receive an estimated €13
billion in the EU’s next long-term budget between 2021 and 2027, and finance collaborative
research projects mainly through grants.
The EU is the biggest provider of development aid
in the world
The EU aims to help women get the jobs they want and the same pay as men,
and help them strike a better balance between work and other areas of life:
• Equal pay: On average, women earn 16% less than men in the EU. In
November 2017, the EU presented New Start, an Action Plan to close the
gap between what women and men are paid
• Funding: Investing in specific actions to help get women into work include
schemes to retrain and improve skills; helping women return to work after
a career break, by providing quality childcare, providing individual guidance
to women improving employers’ awareness of the challenges faced by
women
• The Economy: The gap in employment between men and women costs the
EU economy €370 billion per year. Improving gender equality could create
10.5 million jobs by 2050 and boost the EU economy by between €1.95 and
€3.15 trillion
Another major priority is to stop violence against women and girls. The EU-
funded NON.NO.NEIN campaign, encourages men and women to take a
stand on violence against women.
Improving health and the environment
• Clear labelling
Council of Ministers
European Parliament (The Council) European Commission
Josep Borrell
• Double role:
– chairs meetings of the Foreign Affairs
Council
– Vice-President of the European Commission
• Manages the common foreign affairs and security
policy
• Head of the European External Action Service
The European Commission – promoting the common interest
Emily O’Reilly
The European Ombudsman
28 independent members
Christine Lagarde
President of the Central Bank
353 members
353 members
europa.eu/europedirect